Most of us mere mortals must content ourselves with enjoying The Strand on an occasional jog or dog-walk. To actually hang one's hat in one of those beachfront abodes – that means you're playing at a high level, and maybe winning more often than you're losing. Bravo.
So The Strand represents a crazy subset of MB…
Most of us mere mortals must content ourselves with enjoying The Strand on an occasional jog or dog-walk. To actually hang one's hat in one of those beachfront abodes – that means you're playing at a high level, and maybe winning more often than you're losing. Bravo.
So The Strand represents a crazy subset of MB real estate, but an increasingly interesting subset to track, as we see more and more activity there.
As we noted in a year-end wrapup (see "
Strand Sales of 2009"), for most of MBC's first 2 years (2007-08), few Strand homes changed hands.
Last year, 6 Strand properties sold.
Now there are 5 more on offer. (See
this page Sand Section actives from the current MB Market Update for the first 3.) The 2 newest:
1600 The Strand (3br/5ba, 5225 sq. ft.) is a high-style 80s modern. Think steel, glass and leather.
The listing touts the architect's rep and labels the home "Grandieur Embodied." The rooftop pool is one of the rare, not-to-be-duplicated extras.
No doubt this is a unique property, a signature step on The Strand.
The start price,
$13.5m, exceeds by nearly $2m the highest price paid for a Strand home last year:
1800 The Strand, which went for
$11.65m. Though they have similar square footage and both are on north-side corner lots, 1800 was newer (2000 build) and had more beds & baths (5/7), making it a bit more family- and guest-friendly.
908 The Strand is most likely a lot sale. (The two structures there now are livable but not the main attraction.)
The midblock lot is close to downtown and, well, on The Strand. So what's the dirt worth?
As we noted in "
Strand Sales of 2009," there were 2 adjoining lots further south at
204 &
208 The Strand that sold for a combined $12.8m (
$6.1m for 204 and
$6.7m for 208).
A downtown location like this, versus the deep south, calls for some kind of discount, so 908 The Strand starts well below the "lesser" of those 2 southern lots, at
$5.595m.
That may not be far off. Just for reference, we'll point further north, where
3216 The Strand sold for
$4.7m last year and
3404 The Strand sold for
$5.350m; the latter of those 2 had a structure worth keeping and improving.
It's the first week of February. Think more Strand options will unfurl this year? Yep, us too.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 18th, 2024 at 11:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.